Icahn Wins Seat On Transocean Board

                     Icahn Wins Seat On Transocean Board

Shareholders send clear message that immediate fiscal discipline is a

PR Newswire

NEW YORK, May 17, 2013

NEW YORK, May 17, 2013 /PRNewswire/ --Carl Icahn today made the following
statement on Transocean Ltd. (NYSE: RIG):

I am very pleased with the tremendous support that our nominee, Samuel
Merksamer, obtained from shareholders in winning a seat on the Transocean
board of directors. Although we are disappointed that our nominee, Jose Maria
Alapont, lost by approximately 1 million votes, we believe that the
shareholders have today sent an unequivocal and vocal message to the incumbent
directors and management, by voting out the Chairman, that immediate
discipline must be brought to all fiscal and capital allocation decisions. We
expect that the newly constituted board will take prompt action to deliver
that sorely needed change.

I wish to thank all the shareholders who supported us.

SOURCE Carl Icahn

Contact: Susan Gordon, (212) 702-4309
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